October 5, 2015
HP LiveVault Has Been Acquired by j2 Global
About LiveVault
- LiveVault provides cloud-based backup and recovery of physical servers, virtual servers and application data with centralized administration, monitoring and management
- The solution is delivered as a fully managed, cloud-based offering and is focused on the SMB market
- The company was founded in 2000 and is headquartered in Southborough, MA
- LiveVault was a business of HP, a leading global information technology company that sells hardware, software and related business services
About j2 Global
- j2 is a leading provider of cloud and internet services based in Los Angeles
- The company was founded in 1995 and it markets its services principally under the brand names eFax, eVoice, FuseMail, Campaigner, KeepItSafe, Livedrive and Onebox, and operates a messaging network spanning 49 countries on six continents
- j2 is listed on the NASDAQ stock exchange and has two divisions: Business Cloud Services and Digital Media
- The Business Cloud Services Division offers internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions; the Digital Media Division offers technology, gaming and lifestyle content through its digital properties
Sector
- Infrastructure
Subsector
- Storage Management
“HP will continue to partner with LiveVault and will remain a significant customer, but as our focus has shifted to adaptive and intelligent backup that leverages our capabilities across our big data portfolio, LiveVault is no longer a strategic fit. In our view, this is an opportunity for LiveVault to grow its business and for HP to refine its Software portfolio to better align with our strategic priorities.”
David Jones Senior Vice President and General Manager, Big Data Solutions, HP Software
Transaction Notes
- The divestiture of LiveVault to j2 was announced on October 5, 2015
- Shea & Company served as the exclusive financial advisor to HP
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